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GS Finance plans to price index-linked notes on S&P, Russell
By Sarah Lizee
Olympia, Wash., Aug. 28 – GS Finance Corp. plans to price 0% index-linked notes due March 3, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.1 to 1.2 times the return of the lesser performing index.
If either index falls by up to 30%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 30%, the payout will be par plus the return of the lesser performing index with full exposure to the decline.
Goldman Sachs & Co. LLC is the agent.
The notes (Cusip: 40056FZD0) will price on Aug. 30.
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